Roosevelt Preparatory Academy

Analysis

Roosevelt Preparatory Academy is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Roosevelt Preparatory Academy reported income of $7.9m and spending of $7.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $7.9m (+97%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Roosevelt Preparatory Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Reach Baltimore Inc ($7.9m), Westminster Community Charter School ($7.9m) and Phillips Theological Seminary Corporation ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $222k (2.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $25.9m against liabilities of $25.0m, net assets of $904k.